Entry into a Material Definitive Agreement, Results of Operations and Financia

Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Effective as of November 16, 2012, Planar Systems, Inc. (the "Company") and Bank
of America, N.A. (the "Bank") entered into a Fourth Amendment to Amended and
Restated Credit Agreement (the "Amendment"). The Amendment amends the Amended
and Restated Credit Agreement between the Company and the Bank dated as of
December 1, 2009, as amended. The Amendment reduces the amount required to
satisfy the tangible net worth covenant and increases the amount of the
commitment fee. The foregoing description of the Amendment does not purport to
be complete and is qualified in its entirety by reference to the full text of
the Amendment, which is attached hereto as Exhibit 10.1, and is incorporated
herein by reference.

Item 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On November 20, 2012, the Company issued a press release announcing its
financial results for the fourth quarter and year ended September 28, 2012, and
its expectations regarding certain financial results for the first quarter of
fiscal 2013 (the "Earnings Release"). The Earnings Release contains
forward-looking statements regarding the Company, and includes cautionary
statements identifying important factors that could cause actual results to
differ materially from those anticipated. The Earnings Release is furnished
herewith as Exhibit 99.1 to this Report, and shall not be deemed filed for
purposes of Section 18 of the Exchange Act.

In addition to disclosing financial results calculated in accordance with U.S.
generally accepted accounting principles ("GAAP"), the Earnings Release contains
non-GAAP financial measures that exclude share-based compensation and the
requirements of Topic 718 of the FASB Accounting Standards Codification,
"Compensation-Stock Compensation." The non-GAAP financial measures also exclude
impairment and restructuring charges, the amortization of intangible assets
related to previous acquisitions, various tax charges including the valuation
allowance against deferred tax assets, the gain or loss on foreign currency due
to the non-cash nature of the charge, and various other adjustments. The
non-GAAP financial measures disclosed by the Company should not be considered a
substitute for, or superior to, financial measures calculated in accordance with
GAAP, and the financial results calculated in accordance with GAAP and
reconciliations to those financial results should be carefully evaluated. The
non-GAAP financial measures used by the Company may be calculated differently
from, and therefore may not be comparable to, similarly titled measures used by
other companies. The Company has provided reconciliations of the non-GAAP
financial measures to the most directly comparable GAAP financial measures.

Management uses the non-GAAP financial measures for internal managerial
purposes, including as a means to compare period-to-period results on a
consolidated basis and as a means to evaluate the Company's results on a
consolidated basis compared to those of other companies. In addition, management
uses certain of these measures when publicly providing forward-looking
statements on expectations regarding future consolidated basis financial
results. The Company discloses this information to the public to enable
investors who wish to more easily assess the Company's performance on the same
basis applied by management.

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Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

10.1 Fourth Amendment to Amended and Restated Credit Agreement by and between
Planar Systems, Inc. and Bank of America, N.A., entered into effective as
of November 16, 2012.
99.1 Press release issued by Planar Systems, Inc. on November 20, 2012